Funding arb · Price arb /

XPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h −0.017%

Price spread now: Gate against Injective−1.118%99s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Gate is 1.118% cheaper against Injective than usual: you would sell low and buy high (spread −1.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$112 on $10k: about 19 days of funding at the current rate (+$6 a day). The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XPT/USDC PERP	1,816	0.0220	pay 0.0028% / 1h	45m 38s	$6K	$34K	52x
Short	Gate XPT_USDT	1,795.7	0.0418	get 0.0209% / 4h	45m 38s	$638K	$441K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee GatebpOrdersPrice spread, now −1.118%Rate

Funding earned: $41.58
Price spread: −1.118% → 0.000%: −$111.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$85.28
Costs to cover: 0.150%
Break-even: 21.4 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 11 min ago	0.53 bp	16.8 bp −$17	21.0 bp −$210	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPT on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX XPT-USDT	0.0000%	4h	1,794.1	−1.203%	$10K	$38K	30x	as long as short
gTrade (Gains Network) XPT/USD	L +0.0006% / S −0.0006%	1h	1,791.8	−1.330%	$230	—	150x	as long as short
Vest PL-PERP	+0.0046%	1h	1,792.3	−1.303%	—	$50	25x	as long as short
Pacifica PLATINUM	+0.0100%	1h	1,791.4	−1.352%	$13K	$29K	10x	as long as short
Aevo PLATINUM-PERP	+0.0120%	1h	1,795.4	−1.135%	$305	—	10x	as long as short
Injective XPT/USDC PERPlong	+0.0220%	1h	1,816	long leg	$6K	$34K	52x
tradeXYZ xyz:PLATINUM	+0.0272%	1h	1,792.7	−1.281%	$3.5M	$976K	20x	as long as short
Gate XPT_USDTshort	+0.0418%	4h	1,795.7	−1.118%	$638K	$441K	100x
KuCoin XPTUSDTM	+0.0614%	4h	1,796.1	−1.092%	$200K	$17K	75x	as long as short
Paradex XPT-USD-PERP	+0.0679%	8h	1,795.1	−1.150%	$3K	—	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XPTUSDT	+0.0688%	4h	1,793.8	−1.223%	$14K	$10K	20x	as long as short
Variational Omni XPT	+0.0705%	4h	1,794.8	−1.165%	$279K	$216K	—	as long as short
BloFin XPT-USDT	+0.0715%	4h	1,794.1	−1.203%	$88K	$67K	100x	as long as short
Lighter XPT	+0.0752%	1h	1,796.7	−1.061%	$355K	$15K	20x	as long as short
MEXC XPT_USDT	+0.0762%	4h	1,793.9	−1.217%	$23.5M	$644K	100x	as long as short
Binance XPTUSDT	+0.0765%	4h	1,795.4	−1.130%	$4.3M	$3.8M	100x	as long as short
edgeX XPTUSDC	+0.0765%	4h	1,793.8	−1.222%	$39K	$283K	10x	as long as short
Extended XPT-USD	+0.0768%	1h	1,792.2	−1.308%	$202K	$612K	10x	as long as short
Bitget XPTUSDT	+0.0872%	4h	1,793.6	−1.230%	$1.3M	$389K	100x	as long as short
OKX XPT-USDT-SWAP	+0.0923%	8h	1,795.9	−1.105%	$937K	$559K	50x	as long as short
GRVT XPT_USDT_Perp	+0.1166%	4h	1,793.8	−1.219%	$205K	$823K	25x	as long as short